Liberty Shoes Ltd Q2FY17
Standalone Results Q2FY17: (Rs. in crore)
|EBITDA Margin (%)||8.6|||
|Net Profit (adjusted)||1.72||[3.9]|
Liberty Shoes’ Q2FY17 standalone net revenue for the quarter rose 4.3%% yoy to Rs 108 cr. This was due to strong growth in export revenues ( export sales of 12.9 cr this quarter versus 6 cr during Q2FY16) offsetting the 2% yoy decline in domestic revenues.
EBITDA for the period fell 0.9% yoy to Rs 9 cr and EBITDA margins dropped by 45 bps yoy to 8.6%. This was the impact of 5% yoy increase in operating expenses with cost of materials consumed increasing by 23% yoy.
Also, net profit for the year dropped by 3.9% yoy to Rs 1.72 cr led by a 3% yoy rise in finance costs.
Liberty Shoes Ltd is currently trading at Rs. 151.25, down by 2.1 points or 1.37% from its previous closing of Rs. 153.35 on the BSE.
The scrip opened at Rs. 152.95 and has touched a high and low of Rs. 153 and Rs. 149 respectively. So far 10099(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.
BSE 188.85 6.25 (3.42%)
NSE 189.85 7.20 (3.94%)
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